Short Answer

Redevelopment is optional for a society once it becomes eligible.

Detailed Explanation

As per Section 63 of the Gujarat Cooperative Societies Act, 1961, a cooperative housing society may undertake redevelopment of its building if it is deemed necessary or beneficial. This means that the decision to undergo redevelopment is at the discretion of the society and its members. The Act does not mandate compulsory redevelopment once a society becomes eligible.

Furthermore, Rule 68 of the Gujarat Cooperative Societies Rules, 1965 provides guidelines for the procedure of redevelopment, including obtaining approval from the Registrar of Cooperative Societies. This rule ensures that the redevelopment process is carried out in a transparent and lawful manner.

In practice, societies may choose to redevelop their buildings to enhance living conditions, increase property value, or utilize additional space. However, the decision ultimately lies with the society members, who must collectively agree on the redevelopment plan.

Real-world Scenarios

• Scenario 1: A cooperative housing society in Gujarat becomes eligible for redevelopment due to the deteriorating condition of its building. The society holds a general body meeting to discuss the pros and cons of redevelopment. After thorough deliberation, the members decide to opt for redevelopment to improve living standards.

• Scenario 2: Another society meets the eligibility criteria for redevelopment but decides against it as the majority of members are content with the current state of the building. They choose to focus on regular maintenance and repairs instead.

• Scenario 3: A society with limited financial resources becomes eligible for redevelopment. After assessing the costs involved, the members decide that redevelopment is not financially feasible at the moment and postpone the decision.

Reference

• Section 63 of the Gujarat Cooperative Societies Act, 1961: Official PDF

• Rule 68 of the Gujarat Cooperative Societies Rules, 1965: Official PDF